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AgProfessional Magazine

AgProfessional magazine is a monthly magazine that provides editorial and advertising for agronomic and business management solutions specifically to agricultural retailers/distributors, professional farm managers and crop consultants.

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AgProfessional Magazine
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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.

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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Morning Comments 05/24


Attention: Bill Nelson has recommended selling another 5% of old crop soybeans. Soybean futures were mixed to weak Friday morning. The slide was not terribly surprising in the wake of the easing old crop situation this week. Moreover, the manner in which the July future reversed from its Thursday lows seemingly presaged a short-term decline. Improved new crop production prospects may have weighed upon deferred futures. July soybean futures fell 4.25 cents to $14.9525/bushel in early Friday action, while July soyoil was steady at 49.66 cents/pound, and July soybean meal edged $2.1 lower to $434.9/ton.
Market Info
Home > Resource Centers > Soybean > USDA: Soybean stocks up 8 percent

USDA: Soybean stocks up 8 percent

USDA  |   June 29, 2012
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The USDA's latest Grain Stocks report showed that soybeans stored in all positions on June 1, 2012 totaled 667 million bushels, up 8 percent from June 1, 2011.

On-farm stocks totaled 179 million bushels, down 18 percent from a year ago. Off-farm stocks, at 488 million bushels, are up 22 percent from a year ago. Indicated disappearance for the March - May 2012 quarter totaled 707 million bushels, up 12 percent from the same period a year earlier.

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